29,405 ft2
None
Hot Water Radiator Heat
$5,300,000
Two 14-unit apartment buildings on one parcel in a prime downtown Kingston location. Strong in-place cash flow with below-market rents and a clear value-add trajectory. The property generates a current NOI of $216,006 annually (reflecting the in-progress unit turnover). All units have independent hydro service. The asset is also well-positioned for CMHC MLI Select financing, providing investors the opportunity to enhance leverage and maximize long-term returns .Full financials, rent roll, environmental reports, survey, floorplans, and photos are available through the secure data room. (id:60626)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
|
MLS® Number
|
X12575588 |
|
Property Type
|
Multi-family |
|
Community Name
|
14 - Central City East |
Building
|
Cooling Type
|
None |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Hot Water Radiator Heat |
|
Size Interior
|
29,405 Ft2 |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
242 Ft ,3 In |
|
Size Frontage
|
92 Ft |
|
Size Irregular
|
92.03 X 242.31 Ft |
|
Size Total Text
|
92.03 X 242.31 Ft |
|
Zoning Description
|
Urm6 |
